Spread betting companies have reported a huge wave of short euro trades in the last two weeks, leading to speculation that a significant
correction in the currency will come in the next few months.

Investors take out short trades when they expect a currency to fall. In recent days, futures traders in the US have significantly increased their bets
that the euro will fall against the dollar. Data released by the Washington-based Commodity Futures Trading Commission on Friday showed that the "net
short position" of trades against the euro by hedge funds and speculators almost doubled in the week to March 3 to 19,431 contracts from 10,081
contracts a week earlier.

"Quite a significant correction in the euro is coming in the next few months. The European Central Bank (ECB) is behind the curve in getting to grips
with its economic problems," said David Buik of BGC Partners. He added that the eurozone entered recession later than other economies, but
policy-makers had been too slow to act, putting the currency at risk.

As more details emerge about the Treasury Department’s plan for dealing with the toxic assets currently plaguing our banking system, it’s
becoming clear that Treasury Secretary Timothy Geithner is betting the house on a rather large assumption.

He seems to believe that the problem with the assets is not that they are actually relatively worthless, but that they have an “artificially
depressed value” that will return as soon as a market for them is created. As Paul Krugman explained:

[S]omehow, top officials in the Obama administration and at the Federal Reserve have convinced themselves that troubled assets, often referred to
these days as “toxic waste,” are really worth much more than anyone is actually willing to pay for them — and that if these assets were properly
priced, all our troubles would go away

Don't want to be ignorant but my head is spinning with the understanding that we have never been in this territory before. Are we to relealistically
expecting a new currency proposal after the G20? I asked before for a more laymans explination which Karl does well but he usually only updates his
ticker one or two times a day with thie weekend being the exception. More to the point, should I get out of Chicago soon?

Goldman Sachs has raised concerns about the standards of corporate governance in India by accusing the Government of siphoning off $20 billion
(£14.1 billion) from India's largest oil company without consulting other shareholders.

Goldman said that the funds had been diverted by the state-controlled Oil and Natural Gas Corporation (ONGC) via “ad-hoc cash withdrawals” over
five years to subsidise loss-making government-owned refiners.

“Despite repeated objections raised by investors and more recently by independent directors on ONGC's board, there has not been headway on this
issue,” Goldman analysts said. “The market appears to have got used to this practice by ONGC promoters [controlling shareholder], while similar
issues in privately run companies would likely cause serious concern.”

The worst part about this whole debacle, is that decades of fraud and underhanded dealings are going to come to light. The more fraud they try to use
to cover it up the more that will be exposed.

It is a good thing, but it is also a bad thing. It shouldn't have even gotten to this point. If the politicians keep doing what they are doing we
will quickly approach the point of no return. Which isn't a bad thing because the NWO won't ever come into existence, it is a bad because
advancement will be stunt for who knows how long.

BEIJING (Reuters) - China will steadily cut export-related taxes to "zero" and raise financial support for exporters to avert another sharp drop
in external demand, the commerce minister said in an interview published Monday.

Commerce Minister Chen Deming told the Study Times newspaper that despite the recent abrupt drop in China's exports, broader, long-term trade trends
remained in its favor.

"We should have ample confidence, seize opportunities to advance and lift our share of the international market," Chen told the Chinese-language
weekly newspaper issued by the ruling Communist Party's Central Party School.

"Strive by all means to maintain stable export growth and prevent a dramatic fall in external demand."

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